Douglas Dynamics, Inc. (PLOW) To Go Ex-Dividend on December 16th

Douglas Dynamics, Inc. (NYSE:PLOW) declared a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.295 per share by the auto parts company on Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, December 16th.

Douglas Dynamics has raised its dividend payment by an average of 1.8% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Douglas Dynamics has a dividend payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Douglas Dynamics to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 72.0%.

Douglas Dynamics Stock Up 0.6 %

PLOW opened at $25.50 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The stock’s 50 day moving average price is $25.48 and its 200 day moving average price is $25.66. The stock has a market cap of $588.80 million, a P/E ratio of 11.09, a P/E/G ratio of 1.41 and a beta of 1.20. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $31.39.

Wall Street Analysts Forecast Growth

PLOW has been the subject of several analyst reports. Robert W. Baird cut their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.